About Marvell Technology Group (NASDAQ:MRVL)
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software-enabled silicon solutions comprising serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which includes Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip products, which are integrated into various end devices, including enterprise access points, home gateways, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer-specific standard products, as well as full-custom and application-specific integrated circuits; and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395
Debt
Debt-to-Equity RatioN/A
Current Ratio5.51
Quick Ratio5.12
Price-To-Earnings
Trailing P/E Ratio21.07
Forward P/E Ratio18.26
P/E Growth1.61
Sales & Book Value
Annual Sales$2.41 billion
Price / Sales4.56
Cash Flow$1.2541 per share
Price / Cash17.47
Book Value$8.55 per share
Price / Book2.56
Profitability
EPS (Most Recent Fiscal Year)$1.04
Net Income$520.83 million
Net Margins22.24%
Return on Equity13.84%
Return on Assets12.09%
Miscellaneous
Employees3,749
Outstanding Shares501,380,000
Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions
What is Marvell Technology Group's stock symbol?
Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."
How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?
Marvell Technology Group announced a quarterly dividend on Thursday, March 15th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.06 per share on Wednesday, April 18th. This represents a $0.24 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 28th. View Marvell Technology Group's Dividend History.
How were Marvell Technology Group's earnings last quarter?
Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings results on Thursday, May, 31st. The semiconductor company reported $0.32 EPS for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.01. The semiconductor company earned $604.63 million during the quarter, compared to analysts' expectations of $601.85 million. Marvell Technology Group had a net margin of 22.24% and a return on equity of 13.84%. Marvell Technology Group's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. View Marvell Technology Group's Earnings History.
When is Marvell Technology Group's next earnings date?
What guidance has Marvell Technology Group issued on next quarter's earnings?
Marvell Technology Group issued an update on its second quarter earnings guidance on Thursday, May, 31st. The company provided EPS guidance of $0.32-0.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.33. The company issued revenue guidance of $600-630 million, compared to the consensus revenue estimate of $621.00 million.
What price target have analysts set for MRVL?
24 brokerages have issued 1 year target prices for Marvell Technology Group's stock. Their predictions range from $18.50 to $30.00. On average, they anticipate Marvell Technology Group's share price to reach $26.0714 in the next year. View Analyst Ratings for Marvell Technology Group.
What are Wall Street analysts saying about Marvell Technology Group stock?
Here are some recent quotes from research analysts about Marvell Technology Group stock:
- 1. According to Zacks Investment Research, "Marvell’s impressive first-quarter fiscal 2019 results benefitted from surging demand for SSD drives from enterprise and data-center operators. Going ahead, Marvell’s latest deal to acquire Cavium will broaden its offerings beyond hard disk drives microprocessors and enter into high growth areas such as data centers and wireless communications. The buyout will give Marvell a direct access to the server microprocessor market, which is currently dominated by Intel. Also, we believe that the strong demand for Marvell’s 4G LTE products could be a growth driver. The stock has outperformed the industry to which it belongs to in the last one year. Nonetheless, intensifying competition in the High Definition (HD) storage drive market makes us increasingly cautious about the stock’s growth prospects." (6/5/2018)
- 2. Loop Capital analysts commented, "We maintain our Buy rating on Marvell Technology Group, Ltd. (MRVL) and increase our PT to $26 from $22 following MRVL’s positive pre-announcement for FQ3 (Oct) 2018 and plans to acquire Cavium, Inc. (CAVM:$84.02-Hold) in a cash and stock deal valued at $6B. While we view the pending transaction as a long-term win/win for MRVL as it provides the company with 1) increased scale, 2) broader product and end-market diversification away from the secular declining HDD market, and 3) accretion to pro forma EPS, margins, and revenue growth, we were surprised that CAVM was ready to throw in the towel as a stand-alone company. We expect CAVM to see meaningful YoY earnings and revenue growth in 2018 and 2019 driven by 1) the ramp of OCTEON III, 2) robust revenue growth from new products of Fusion-M, LiquidIO, ThunderX, XPliant, and LiquidSecurity, and 3) steady revenue contributions from QLogic products." (11/21/2017)
- 3. Needham & Company LLC analysts commented, "Marvell Technology reports F2Q18 results tonight after the close. Despite modestly softer than expected conditions in the HDD segment, we nevertheless expect Marvell to report in-line F2Q18 results and F3Q18 guidance led by strength in its SSD segment, seasonality and new product ramps in the Connectivity business and continued margin expansion. With MRVL shares trading at 13.2x CY18 NG EPS (or 10.6x CY18 NG EPS ex. cash), we continue to see good value in the shares." (8/24/2017)
Are investors shorting Marvell Technology Group?
Marvell Technology Group saw a increase in short interest in May. As of May 31st, there was short interest totalling 52,740,778 shares, an increase of 10.4% from the May 15th total of 47,767,149 shares. Based on an average trading volume of 9,337,043 shares, the short-interest ratio is currently 5.6 days. Currently, 11.1% of the shares of the stock are sold short.
Who are some of Marvell Technology Group's key competitors?
Some companies that are related to Marvell Technology Group include NXP Semiconductors (NXPI), Analog Devices (ADI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), ON Semiconductor (ON), Qorvo (QRVO) and ASE INDL HLDG C/S (ASX).
Who are Marvell Technology Group's key executives?
Marvell Technology Group's management team includes the folowing people:
- Mr. Matthew J. Murphy, Pres, CEO & Director (Age 45)
- Dr. Sehat Sutardja Ph.D., Co-Founder (Age 56)
- Ms. Weili Dai, Co-Founder (Age 56)
- Ms. Jean Hu, Chief Financial Officer (Age 55)
- Mr. Andrew J. Micallef, Chief Operations Officer (Age 53)
Has Marvell Technology Group been receiving favorable news coverage?
Media coverage about MRVL stock has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marvell Technology Group earned a media sentiment score of 0.14 on Accern's scale. They also gave news headlines about the semiconductor company an impact score of 47.03 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Marvell Technology Group's major shareholders?
Marvell Technology Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (10.71%), BlackRock Inc. (4.80%), Epoch Investment Partners Inc. (2.79%), Boston Partners (2.40%), Wedge Capital Management L L P NC (1.28%) and Jericho Capital Asset Management L.P. (1.11%). Company insiders that own Marvell Technology Group stock include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Institutional Ownership Trends for Marvell Technology Group.
Which institutional investors are selling Marvell Technology Group stock?
MRVL stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Epoch Investment Partners Inc., Boston Partners, Seven Eight Capital LP, SG Americas Securities LLC, Swiss National Bank, Water Island Capital LLC and Roystone Capital Management LP. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Insider Buying and Selling for Marvell Technology Group.
Which institutional investors are buying Marvell Technology Group stock?
MRVL stock was purchased by a variety of institutional investors in the last quarter, including Swedbank, Frontier Capital Management Co. LLC, Jericho Capital Asset Management L.P., Point72 Asset Management L.P., Massachusetts Financial Services Co. MA, Natixis, Amundi Pioneer Asset Management Inc. and Nuveen Asset Management LLC. View Insider Buying and Selling for Marvell Technology Group.
How do I buy shares of Marvell Technology Group?
Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Marvell Technology Group's stock price today?
One share of MRVL stock can currently be purchased for approximately $21.91.
How big of a company is Marvell Technology Group?
Marvell Technology Group has a market capitalization of $10.99 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.
How can I contact Marvell Technology Group?
Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]
MarketBeat Community Rating for Marvell Technology Group (MRVL)
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
